The wood plastic composite market size has grown rapidly in recent years. The market has grown from $6.91 billion in 2024 to $7.77 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. This growth can be attributed to environmental concerns, construction industry growth, the preference for low-maintenance materials, durability and longevity, reduced dependency on treated wood, and cost-effectiveness.
The wood plastic composite market size is projected to see rapid growth in the next few years, forecasting to grow to $12.37 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The drivers for this growth include advancements in manufacturing processes, innovation in product design, development of fire-resistant formulations, increasing urbanization, and a growing emphasis on green building certification.
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What Influence Does Construction Activities Have On Wood Plastic Composite Market Growth?
There is a significant contribution from the increase in construction activities to the growth of the wood plastic composite market going forward. These materials are used as a substitute for steel joists and beams in buildings, which has led to growth in the market. For instance, according to the Office for National Statistics, the construction output increase of 0.4% in September 2023, translates to an additional $76 million compared to August 2023, with private repair and maintenance and private commercial new work sectors as the largest contributors to this increase.
What Are the Major Segments Within the Global Wood Plastic Composite Market?
1) By Resin Type: Polyethylene (PE), High-density polyethylene (HDPE), Low-density polyethylene (LDPE), Linear Low-density polyethylene (LLDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polylactide (PLA), Other Resin Types
2) By Process: Extrusion Method, Injection Molding Method, Other Processes
3) By End-use Industry: Building And Construction, Automotive, Consumer Goods, Other End-Use Industries
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Which Major Companies Are Operating In The Wood Plastic Composite Market?
Major companies operating in the wood plastic composite market include Trex Company Inc., Advanced Environmental Recycling Technologies Inc., UFP Industries Inc., Fiberon LLC, TAMKO Building Products Inc., Beologic NV, CertainTeed Corporation, FKuR Kunststoff GmbH, JELU-WERK Josef Ehrler GmbH & Co. KG, Polyplank AB, AIMPLAS – Technological Institute of Plastics, Shanghai Seven Trust Industry Co. Ltd., The Dow Chemical Company, The AZEK Company Inc., Geolam Inc., CPG International LLC, Crane Plastics, Deceuninck North America LLC, Enduris Extrusions Inc., Fiber Composites LLC, Green Bay Decking LLC, Kuijper Model and Mold GmbH, Louisiana-Pacific Corporation, North Wood Plastics Inc., OnSpec Composites Inc., Perth Wood Plastic Composite Co. Ltd.
What Are The Emerging Trends In The Wood Plastic Composite Market?
Technological innovation is a key market trend. Major market players are increasingly using innovative wood plastic composites for cladding. For instance, in Feb 2022, MoistureShield, a US-based boarding company, launched an innovative wood plastic composite product called MoistureShield Cladding, protected on all sides against damage, bending, rotting, and moisture absorption by MoistureShield’s proprietary Solid Core manufacturing process.
Which Region Will Lead The Growth In The Wood Plastic Composite Market?
Asia-Pacific was the largest region in the wood plastic composite market in 2024, and it is expected to continue being the fastest-growing region. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Wood Plastic Composite Market Report 2025 Offer?
A wood plastic composite is a board or timber manufactured product made from wood chip fibers and recycled plastics such as high-density polyethylene and low-density polyethylene. It is used for outdoor cladding, decking, railings, fences, flooring, and landscaping. The Wood Plastic Composite Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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